Commodity money has intrinsic value

Indicate whether the statement is true or false

TRUE

Economics

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An imperfectly competitive firm has the following demand curve: Q = 100 - 2P. What is marginal revenue equal to when P = 30?

What will be an ideal response?

Economics

Opportunity cost:

a. applies only to consumption decisions. b. applies only to production decisions. c. is the same as monetary costs. d. exists because of scarcity. e. is irrelevant for wealthy economies.

Economics